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A TP UE COPY 'ERTIFICATION ON LAST PAGE ..R. SMITH, CLERK RELEASE OF EASEMENT FOR DRAINAGE AND SATISFACTION OF DEVELOPER'S AGREEMENT This RELEASE OF EASEMENT FOR DRAINAGE AND SATISFACTION OF DEVELOPER'S AGREEMENT (the "Release") is made as of the 4th day of April 2023, by INDIAN RIVER COUNTY, a political subdivision of the State of Florida, ("County") having a mailing address of 1801 27th Street, Vero Beach, FL 32960; in favor of Grace Baptist Church of Vero Beach, Inc., ("Grace Baptist") Florida not for profit corporation, having a mailing address of 1285 43rd Avenue, Vero Beach, FL 32960. WHEREAS, on January 6, 2004, the County and Grace Baptist entered into a Developer's Agreement concerning stormwater treatment for proposed improvements to 43rd Avenue. The Developer's Agreement is recorded in OR Book 1681, Page 897, Public Records of Indian River County; and WHEREAS, on December 19, 2003, Grace Baptist conveyed to the County, an Easement for drainage recorded in OR Book 1681, Page 1788, Public Records of Indian River County; and WHEREAS, on April 15, 2004, Grace Baptist conveyed to the County a Drainage Easement Agreement recorded in OR Book 1721, Page 487, Public Records of Indian River County; and WHEREAS, on March 5, 2019, the County and Grace Baptist entered into a First Addendum to Developer's Agreement (not recorded) that stated the County was no longer in need of the above described Drainage Easements and that Grace Baptist would return $30,000 to the County that the County had paid to Grace Baptist for the Drainage Easements; and WHEREAS, Grace Baptist has repaid the $30,000 in full and the County wishes to release the Easement for drainage and declare the Developer's Agreement, the Addendum and the Drainage Easement Agreement satisfied. NOW THEREFORE, in consideration of mutual covenants and agreements stated in the Developer's Agreement and First Addendum and for other sufficient consideration received and acknowledged by each Party, the County does declare as follows: The terms of the Developer's Agreement entered into by the County and Grace Baptist dated January 6, 2004 recorded in OR Book 1681, Page 897, Public Records of Indian River County is hereby satisfied as to all parties.